BILLIONAIRE’S CLUB? Byju’s, a Bengaluru, India-based company behind an app that offers educational games, interactive videos and quizzes, has reportedly raised $100 million in a round from General Atlantic India, which will take a 5 percent equity stake in the company, according to DealStreetAsia. The deal values Byju’s at $1 billion.
Founded in 2008, Byju’s launched with a series of video tutorials focused on Indian standardized tests and college admission exams, and has since expanded its library to cover academic school subjects and international tests such as GMAT and the GRE. The company boasts around 1 million paying subscribers. According to Crunchbase, the company has now raised $344 million.
